Palo Alto Networks (NASDAQ:PANW) Given New $350.00 Price Target at Oppenheimer

Palo Alto Networks (NASDAQ:PANW) had its target price hoisted by Oppenheimer from $275.00 to $350.00 in a research note released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the network technology company’s stock.

Other equities analysts have also issued reports about the stock. Barclays reiterated an “overweight” rating and set a $315.00 target price (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Palo Alto Networks from $200.00 to $300.00 and gave the company an “overweight” rating in a report on Monday. Wolfe Research reiterated an “outperform” rating and set a $320.00 target price on shares of Palo Alto Networks in a report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and set a $325.00 target price (up from $285.00) on shares of Palo Alto Networks in a report on Wednesday. Finally, Mizuho raised their price target on shares of Palo Alto Networks from $200.00 to $265.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $304.22.

Palo Alto Networks Stock Down 5.6%

PANW opened at $280.43 on Wednesday. The stock has a market cap of $228.83 billion, a PE ratio of 229.86, a P/E/G ratio of 10.71 and a beta of 0.94. Palo Alto Networks has a 52 week low of $139.57 and a 52 week high of $302.95. The business’s fifty day simple moving average is $200.21 and its 200 day simple moving average is $185.46.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 16.34% and a net margin of 7.95%.The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, equities analysts anticipate that Palo Alto Networks will post 2.14 earnings per share for the current year.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the sale, the executive vice president owned 235,983 shares in the company, valued at $61,037,002.95. The trade was a 21.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Key sold 1,572 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $173.32, for a total transaction of $272,459.04. Following the sale, the director owned 20,000 shares in the company, valued at $3,466,400. This represents a 7.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 94,760 shares of company stock worth $21,660,063 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Palo Alto Networks

Hedge funds have recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC grew its holdings in Palo Alto Networks by 39.7% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 176 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 50 shares during the last quarter. Harold Davidson & Associates Inc. boosted its stake in shares of Palo Alto Networks by 5.0% during the third quarter. Harold Davidson & Associates Inc. now owns 1,056 shares of the network technology company’s stock valued at $215,000 after purchasing an additional 50 shares in the last quarter. Princeton Capital Management LLC boosted its stake in shares of Palo Alto Networks by 3.4% during the third quarter. Princeton Capital Management LLC now owns 1,520 shares of the network technology company’s stock valued at $310,000 after purchasing an additional 50 shares in the last quarter. South Plains Financial Inc. boosted its stake in shares of Palo Alto Networks by 1.0% during the third quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock valued at $982,000 after purchasing an additional 50 shares in the last quarter. Finally, Fayez Sarofim & Co boosted its stake in shares of Palo Alto Networks by 1.2% during the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock valued at $878,000 after purchasing an additional 50 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks News Roundup

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Palo Alto Networks reported fiscal Q3 earnings and revenue above expectations, with EPS of $0.85 versus $0.79-$0.81 estimated and revenue of $3.0 billion versus $2.94 billion expected, while sales rose 31.1% year over year. Article Title
• Positive Sentiment: The company raised FY2026 and Q4 guidance well above Wall Street estimates, signaling stronger demand and improving profitability outlooks. Article Title
• Positive Sentiment: CEO Nikesh Arora said AI-related security concerns are driving a surge in customer engagement and meeting requests, reinforcing the long-term growth narrative for PANW. Article Title
• Positive Sentiment: Citigroup, Wedbush, BNP Paribas Exane, Stifel, Berenberg, Truist, Morgan Stanley, Deutsche Bank, RBC, Oppenheimer, and others raised price targets, with several also reiterating buy or outperform ratings, adding momentum to the stock. Article Title
• Neutral Sentiment: One insider filing showed CAO Josh D. Paul sold 1,100 shares, which is minor versus the company’s overall market value but may slightly weigh on sentiment. Article Title
• Negative Sentiment: Despite the earnings beat, some coverage noted the stock slipped intraday as investors focused on acquisition-driven growth and broader market pressure rather than the strong fundamentals. Article Title

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.